Companys ceo as it also gets ready to report after the bell speaking of earnings, it is the busiest week of Quarterly Results, nearly onethird of the s p 500 and 20 of the dow are reporting. F apple and amazon lead the way this week. Lets begin with tesla, rallying in the premarket today, following musks visit to china. The company, winning approval to roll out its full selfdriving technology in that country, jim. This is a partnership with baidu, being called a watershed moment for fsd you need to have i remember when i rode in a waymo, which is googles product, you had to have the google map you just need this infrastructure in order to be able to make it. It was obviously being withheld. Is it worth 22 points . I think that people were short tesla, betting there had to be more lets say, more earnings problems i mean, theres an evercore piece, lowering price target, that was probably prechina. But david, there is a sense among the companies that make selfdriving that theres this holy
Meeting this week along with the jay powell press conference. That will be the focuses for the markets. Right now, the tenyear yield is just about where it has been the last tcouple weeks propalestinian protests continuing on College Campuses over the weekend some schools requesting Police Intervention to stop encampments. Jill stein was arrested at a protest. She said it was about freedom of speech which needs debate and dialogue at ucla, protests by propalestinian and proraisrael supporters and at state university, they paused connections to boeing after they demanded to cut ties with the weaponing Manufacturing Division the school has no investment in boeing it accepted 150,000 in donations. Boeing providing 28,000 a year for scholarships the University Paper aresident d in response to the issues. Officials in china removed restrictions on tesla cars after the vehicles passed the Data Security requirements. Just this morning, the wall street journal is reports that chinese officials
Hope youre having a good one. I am maria bartiromo, it is 8 a. M. On the button on the east coast. Antiisrael protesters crashing the white house Correspondents Dinner over the weekend, they crashed the red carpet. Saturday night. Celebrities getting mobbed on their way in. Hundreds of protesters chanting against joe biden outside the washington, d. C. Hilton hotel. Listen. Shame on you shame on you shame on you maria more as the president is accused of playing both sides of the protest, i spoke with Alan Dershowitz on sunday morning futures yesterday. Hes most afraid the protesters will become terrorists themselves. Watch this. Its a deep problem at universities today with their diversity, equity and inclusion bureaucracies and intersectionality. They have been teaching antisemitism now for several years x its come to the fore. What im most afraid of, among the people in front of claim university are people who will become terrorists, who will help hamas, who will be part of the fifth
Session. Now things, if you can believe it, they arent as a bad as they were earlier in the session. The dow was down 706 points at its low, now down 442. The s p 500, its falling by 31 at the moment. The nasdaq is recovering somewhat from its low of 368 points, now down close to 134. And the russell 2000 is down by 17 points. Of course, those are the small caps, really not great with the Interest Rate outlook from the fed with todays gdp report. And that e do klein set in motion decline showed that the economy grew much slower than expected and that inflation remains persistent adding to fierce over Interest Rates and stagflation. Plus, Jpmorgan Ceo Jamie Dimon pouring more fuel on the fire, this morning he expressed serious doubts about the likelihood of a soft landing. I look at the range of possible outcomes, you can have that soft landing, im a little more worried that it may not be so soft, and inflation may not quite go away. The odds of a soft landing, the market kind of prices
Trade, right . Charles yeah. Liz it is, once again, a horse race or a bullbear paradigm fighting it out to the death, at least til the closing bell. Fox market alert, lets focus on the nasdaq for a moment. It is treating for a fourth straight retreating for a fourth straight session, we do have it down about 137 points, had been down 210. The dow down in the red by 22 points. It did overcome a 187point loss, but it hadn higher by 237. So big swings once again for the dow. The s p has been flipping between red and green. Right now its red, down 22 points. Earnings still have a command of a good chunk of the market action. Witness whos at the very bottom of the dow jones heat map, travelers getting pelted with baseballsized hail at this hour. Shares of the insurer falling 7. 5 after First Quarter profits undershot estimates. Or travelers reported catastrophe losses due to severe wind and hailstorms mostly in central and eastern u. S. Skyrocketed from 535 million a year ago to 712 million